A significant problem confronting many debtors seeking to reorganize through Chapter 11 involves the resolution of labor contract issues.
Bankruptcy Code Section 1113 Trumps NLRA
A significant problem confronting many debtors seeking to reorganize through Chapter 11 involves the resolution of labor contract issues. A recent decision from the U.S. Court of Appeals for the Third Circuit will likely impact how that problem is solved by debtors teetering on the brink of, or already in, Chapter 11 where their operative collective bargaining agreement has or soon will expire.
By
Francis J. Lawall, Henry J. Jaffe and Michael J. CusterThis premium content is locked for The Bankruptcy Strategist subscribers only
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